While specific policy limits and deductibles are based on needs and risk profile, the maximum limit available is $10 million, and the deductible and premium each have a $10,000 minimum.

“Data security is now more than just an IT issue—it is a board-level issue,” Oliver Brew, vp of miscellaneous professional liability and technology E&O for Boston-based LIU, said in a statement. “With attacks becoming more sophisticated and striking a wider range of institutions as well as increased regulatory pressure, more and more companies are looking for data security insurance to help protect their operations. “